Blockchain security and analytics firm Chainalysis has suggested that the recent multi-million dollar exploit of cross-chain bridge protocol Multichain may have been an internal rug pull. The firm believes that administrator keys may have been compromised, leading some to suggest that the exploit could have been an "inside job".
Multichain's smart contracts use a multi-party computation (MPC) system, which is similar to a multi-signature wallet. The exploit has resulted in the loss of over $125 million, making it one of the biggest crypto hacks on record.
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